Tuesday, November 25, 2008

It means that i am going to pay less for interest of my housing loan, but also means that my FD interest also drop.

From The Star:

PETALING JAYA: Bank Negara has cut its benchmark Overnight Policy Rate (OPR) by 25 basis points to 3.25% from 3.50%, and signalled it was ready to cut the rate further.

This was the first rate cut in over five years. The move, which can be considered well-timed as the economy slows, will result in a lower cost of funds for banks. This, in turn, brings down the cost of borrowing for consumers.

To inject more liquidity into the banking system, Bank Negara also cut the statutory reserve requirement (SRR) for banking institutions for the first time in a decade - from 4% to 3.5% - effective Dec 1. Read more .......

If Yoga is not allow to practice by Malaysian muslim brother & sister, then maybe they can practice Qi Gong from China instead on India, to live healthy in this Boleh-Land. I believe Qi Gong will not influence muslim to change their faith, unless some one from lacal university can prove it will, again..... as you know, this is Boleh-Land!!!!

Friday, November 21, 2008

Crude oil closed at USD 49.62 yesterday, so is Shahrir still insist to put the minimum fuel price of RM1.92/liter? Fair to us when the actual price is below RM1.62/liter. I don't mine if government want to recover some "loss" due to the subsidy they paid to us, but not setting the minimum selling price. What is crude oil drop to USD 40 per barrel?

Wednesday, November 19, 2008

Since "Kankong" combination become the new leaders in MCA, MCA never has a peaceful time. With open quarrel between Ong and Chua as Chua seem to be neglected in the party though he is 2nd man. Now Ka Chuan resigns as minister, what is next?

Tuesday, November 18, 2008

Good news for night riders at PLUS. It is between 12am till 7am. Read more details in Malaysiakini report. But to travel to work seem still too early unless you wanna sacrify your sleep and avoid the jam! Why not start the discount after 8pm to encourage people to work more while able to avoid peak hour jam between 5 - 8pm.

Passenger car owners will now enjoy a 10 percent discount for traveling between midnight and 7am on the North-South Expressway (Plus) and North-South Expressway Central Link (Elite).

At a joint press conference by Plus and the Works Department this morning, it was also announced that during the festive season, motorist traveling during the same non-peak midnight-7am period would receive an additional 10-percent discount.

A six-day additional discount period will take effect during festive seasons like Hari Raya Aidilfitri, Chinese New Year, Deepavali and Christmas.

It was also announced that users of the two highways who spend more than RM200 would be given an additional five percent rebate. This is, however, limited to Touch N' Go card holders and Smart Tag users.

The new system will take effect from Jan 1, 2009 and end in Dec 31, 2010.

Finally it happens, after the 308 General Election, after Mr Samy lost his Sg Siput seat, after BN suffered the greatest loss. Read more on MalaysiaKini.

All highway concession contracts, except for the KL-Putrajaya Expressway (KLPE), will be declassified, said Works Minister Mohd Zin Mohamad.

MCPXSpeaking at a press conference this morning at the Works Department headquarters in Kuala Lumpur, Mohd Zin said the cabinet decided on the matter on Oct 17.

Following this, the government managed to obtain an agreement on the declassification from all highway operators except Maju Expressway Bhd, which manages the KLPE

Asked if Maju Expressway had refused to comply with the cabinet directive, Mohd Zin said he was unsure, adding that the company had yet to reply.

He assured that the declassification would take place by Jan 1 next year at the latest. However, it has been undecided if members of the public would have to buy the documents or would be able to read it for free.

Opposition parties have often criticised the government for the clandestine nature of the highway agreements and leaked documents have often pointed to ‘lop-sided' contracts which benefited concession holders.

Monday, November 17, 2008

Start my busy travelling schedule. Wait up at 5am as i still used to the Malaysia time, Sumatra and Jawa is one hour earlier than Malaysia. Surf some net, checking my email. Go to lunch at 7 am and left hotel at 7.45am. It is a nice and peaceful hotel, Sheraton. However, to enter the hotel area, cars need to be scanned for any bomb threat.

The journey took 3 hr to reach the site and 3 hour is equivalent to <100km superb over taking skill, i think the journey will took more than 4 hr then.

Spent some time at site, eating groundnuts and mandarine oranges while auditing. Then go to bath under the hot sun for hour, checking the ponds, bioreactor and get to know how is soya plant look like.

Finished the audit and took another 3 hour journey back to city. Took our dinner at hotel, sea foods!

Night live in Lampung? Not really know, but i think the city is not really alive at night as to compare to Jakarta.

At least i saw the Poorest and the Richest, great different in wealth distribution. Imagine you need to sell 22 kg (~ 5,000 rupiah) of ubi kayu to enable you to buy a High-5 type of bread while in Jakarta, people are eating a 100,000 Rupiah dinner which is equivalent to > 1/9 of total income for rural folks in a month.

Thursday, November 13, 2008

Still wondering in Lampung, Sumatra and will fly to Jakarta on Thursday evening flight. The travelling schedule is killingn me.

Day 1:From my Serdang house, took my taxi at 8.20am, boarding at 10.45am and reached Jakarta international airport 2 hour later (12.00 pm Indonesia time). Took a shutter bus to domestic airport, FOC. Wait for Sri Wijaya air for Lampung, Sumatra at 4.40pm. In the airport, a lot of kids asking for shoes polishing services, i means they are young kids, less than 10 maybe, not going to school, or too poor for school. Also there are people selling buaya L**C***, that is the word he used when approaching us.

Reached Lampung 25 min later and jammed all the way to city (40 min). The driver has a special skill, he will never stop overtaking vehicles infront of him, no matter is uphill, downhill, left or right corners, "double line"...... Superb, but just kesian the motor bike drivers, always kena squeze left and right. Furthermore, these bikes always carry baby with them and drive very slow while the cars are farking fast.

Monday, November 10, 2008

I will fly to Jakarta later 10.45am and transit to Lampung, Sumatra in the noon and will spend 3 days there. Shall be back to Jakarta on Thursday evening, meeting on Friday and fly back to KL at night.

What a tiring trip, imagine just back from Sabah days ago. Anyway, i am a bit excited to be truth since this will be my 1st trip to Jakarta, a BIG city compared to KL in term of population, not sure about facilities, let me check it out dude. Any pesanan from you guys?

Every time i go back to hometown at Batu Ferringhi, i will take a lot of photos from insects till the building structures as i know soon this will become a memory only. But somehow, it still not happen yet. My kampung supposed to be cleared out and high end condo/bungalow will be built. Maybe again & again the economic crisis slowing down to process (since i was in Uni time). For my own reason, i hope this will not happen....... Batu Ferringhi somehow need to preserve its original style, the kampung style......

One of my triplet cousin just married last week (31st Oct Dinner, 1st Nov Ceremony)in Penang. Congratulation to her. My HH also very excited for this trip back to Penang where he can played with the cats and behave like a kampung boy. Somehow we don't have time for the hiking that i want to do. Next time la.

We need to dispose of RM6,000 worth of stocks (RM54,000 – RM48,000) and bring the cash level to RM46,000.

Following this portfolio rebalancing, the portion invested in stock is RM48,000 with cash of RM46,000.

The total portfolio value is RM94,000.

We will continue to sell stocks and hold more cash as the market drops.

We will stop investing in stocks when our total portfolio hits the floor level (TA – Floor= 0).

The strength of the CPPI strategy is that our lowest portfolio value at any point in time will be RM70,000 whereas the CM strategy may cause our portfolio value to drop much lower if the market crashes further.

In conclusion, the choice of strategy will depend on the overall economic outlook.

Unless we know our economy will not drop into recession, otherwise — based on our current situation, the CPPI strategy has the advantage of protecting our minimum portfolio value at the floor level.